Explain the impact of private equity firm acquisition of manufacturing and retail firms
The students should discuss that the impact is a great deal of debt that is difficult to service. They also have to pay rent to the equity firm and the equity firm overcharges. The equity firm has little interest in the long-term operations of the company and simply wants the cash. Should the cash end, the equity firm is fine and just walks away as the company declares bankruptcy. Students should point to the example of Simmons – the equity firm owners did fine, but Simmons' product line, customers, employees, and others as stakeholders are affected. Students should bring in the material from previous units and apply in this unit on competition.
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After her divorce, Jillian had to go back to work. While she interviewed to return to her previous accounting profession, she began a custom wedding invitation business. Jillian would best be described as a(n)
A. motivated entrepreneur. B. necessity entrepreneur. C. opportunity entrepreneur. D. performance entrepreneur. E. chance entrepreneur.
Which of the following is not a goal of auditor independence?
a. To achieve consistent auditor regulation. b. To foster high quality audits. c. To promote investor confidence in the financial statements. d. To minimize the possibility that external factors will influence auditor's judgements.
Analyzing the needs of the audience and the situation takes place during what stage of the email development process?
A) Planning B) Writing C) Completing D) Revising E) Responding
A just-in-time operating environment requires maintenance of large material and finished goods inventories in order to meet customer demand for products
Indicate whether the statement is true or false